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Prospect News home > News index > List of issuers A > Headlines for ACCO Brands Corp. > News item
Published on 12/8/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

ACCO to redeem 6¾% senior notes due 2020 via $400 million new issue

By Susanna Moon

Chicago, Dec. 8 – ACCO Brands Corp. plans to redeem all of its 6¾% senior notes due April 2020 using proceeds of a new issue of notes.

ACCO plans to price $400 million of senior notes due 2024 in a private offering under Rule 144A and Regulation S, according to a company announcement.

The company also plans to fund the redemption using borrowings under its revolving credit facility and cash on hand.

The redemption is conditioned on the issuance of the new notes.

ACCO Brands is a Lake Zurich, Ill.-based office supply manufacturer.


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